Printronix Provides New Guidance for Fourth Quarter of Fiscal Year 2007
18 April 2007 - 10:00AM
Business Wire
Printronix, Inc. (NASDAQ:PTNX), the leading manufacturer of
integrated enterprise printing solutions for the supply chain,
today provided an updated outlook on its fourth quarter results for
the fiscal year ended March 30, 2007. The Company announced that
due to lower than anticipated sales to a major customer, fourth
quarter revenue is now expected to be at the low end of its
previously reported guidance of $32 million to $34 million. In
addition, earnings per share are now expected to be below the
previously reported range of $0.10 to $0.20 due to lower gross
margins from an unfavorable product mix, higher than expected
costs/expenses, and one time charges. Profitability for the quarter
is expected to be close to breakeven. Except for historical
information, this press release contains �forward-looking
statements� about Printronix, within the meaning of the Private
Securities Litigation Reform Act of 1995. Terms such as
�objectives,� �believes,� �expects,� �plans,� �intends,� �should,�
�estimates,� �anticipates,� �forecasts,� �projections,� and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements involve
a number of risks, uncertainties and other factors that could cause
actual results to differ materially, including: adverse business
conditions and a failure to achieve growth in the computer
peripheral industry and in the economy in general; the ability of
the company to achieve growth in the Asia Pacific market; adverse
political and economic events in the company�s markets; a worsening
of the global economy due to general conditions; a worsening of the
global economy resulting from terrorist attacks or risk of war; a
worsening of the global economy resulting from an outbreak of avian
flu or other world health epidemic; a worsening of the global
economy resulting from a resurgence of SARS (Severe Acute
Respiratory Syndrome); the ability of the company to maintain its
production capability in its Singapore plant or obtain product from
its Asia Pacific suppliers should a resurgence of SARS occur; the
ability of the company to hold or increase market share with
respect to line matrix printers; the ability of the company to
successfully compete against entrenched competition in the thermal
printer market; the ability of the company to adapt to changes in
requirements for radio frequency identification (�RFID�) products
by Wal-Mart and/or the Department of Defense and others; the
ability of the company to attract and to retain key personnel; the
ability of the company�s customers to achieve their sales
projections, upon which the company has in part based its sales and
marketing plans; the ability of the company to retain its customer
base and channel; the ability of the company to compete against
alternate technologies for applications in its markets; the ability
of the company to continue to develop and market new and innovative
products superior to those of the competition and to keep pace with
technological change; and that InfoPrint Solutions Company, the
successor entity to IBM�s Printing Systems Division, may change its
product and marketing focus in a way that reduces its purchase of
Printronix products. The company does not undertake to publicly
update or revise any of its forward-looking statements, even if
experience or new information shows that the indicated results or
events will not be realized. About Printronix, Inc. Since 1974,
Printronix, Inc. (NASDAQ:PTNX) has created innovative printing
solutions for the industrial marketplace and supply chain. The
company is the worldwide market leader in enterprise solutions for
line matrix printing and has earned an outstanding reputation for
its high-performance thermal and fanfold laser printing solutions.
Printronix also has become an established leader in pioneering
technologies, including radio frequency identification (RFID)
printing, bar code compliance and networked printer management.
Printronix is headquartered in Irvine, California. For company
information, see www.printronix.com.
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